Cryptocurrencies were trading in the green early on April 20. The overall crypto market volume over the last 24 hours has decreased by 17.10 percent to USD79.78 billion.
The entire volume in DeFi is currently USD9.75 billion, accounting for 12.22 percent of the total 24-hour volume in the crypto market. The overall volume of all stable coins is now USD66.18 billion, accounting for 82.95 percent of the total 24-hour volume of the crypto market.
Bitcoin's price is currently Rs 32.82 lakh, with a 41.02 percent market share. According to CoinMarketCap data, this was a 0.01 percent fall from the previous day.
The main risk of cryptocurrencies is money laundering and its use to finance terrorism, India Finance Minister Nirmala Sitharaman said. "I believe that technology-based regulation is the best way to go. Regulation based on technology will have to be so proficient that it is not only ahead of the curve, but also on top of it. That isn't conceivable if any single country believes it can handle it. It has to be done on a broad scale "finance minister said.
Sitharaman praised India's digital performance and the government's efforts to develop a digital infrastructure foundation over the previous decade, citing the rise in digital use during the pandemic as an example.
Regulate cryprocurrencies at global level to check money laundering: Sitharaman
